eToro has opened crypto deposit channels for UAE account holders, positioning itself among a handful of regional platforms that permit direct transfers from external exchanges, brokers and blockchain wallets. The trading venue accepts nine digital currencies, spanning bitcoin, ethereum, XRP, USDC, Chainlink, Aave, Uniswap, Polygon and Fetch.ai, which users can funnel into their eToro Crypto Wallet before converting balances to dollars for deployment across stocks, commodities and other traditional instruments.
The firm dangled a sweetener for Emirati traders who swap deposited tokens into greenbacks, handing them a 1 percent rebate in their pick of equities listed on the Abu Dhabi Securities Exchange or Dubai Financial Market. Credits...